Ascott Accelerates Growth In Europe With Portfolio Expansion And Global Partnership With Chelsea Football Club
Marks debut of The Unlimited Collection brand and expansion of lyf brand with six new property signings in Europe
Development
NUMA Group Buys UK’s Lifestyle Apart Hotel & Serviced Apartment Brand Native Places
The NUMA Group, Europe's leading operator of a fully digitalised hospitality platform, today announces the acquisition of a lifestyle apart hotel brand Native Places (https://nativeplaces.com) from Native Holdings.
Scandic Go Continues to Expand
Scandic has signed a long-term lease agreement for two new Scandic Go hotels in central Gothenburg and Umeå. The hotels are expected to open in 2026 with a total of 276 rooms, and the project involves converting existing office buildings. This will bring the number of Scandic Go hotels in the company’s pipeline to five with a total of 876 rooms in Sweden and Finland.
Blackstone Real Estate Acquires Village Hotels
Blackstone Real Estate (“Blackstone”) announced on June 26th that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading investor in travel and leisure businesses.
UK Hotel investment totals £3bn in H1 as portfolio transactions drive activity
The return of portfolio transactions has bolstered UK hotel investment during the first six months of 2024 with investment totalling £3 billion, up from £990 million over the same period in 2023 and far beyond last year’s full year total (£2 billion), according to Knight Frank.
Hilton Announces Two Icelandic Hotels, Including the First Internationally Branded Countryside Property in the North of Iceland
Hilton (NYSE: HLT) today announced a franchise agreement with Bohemian Hotels ehf. to open Akureyri "Skáld" Hotel, Curio Collection by Hilton, in the northern Icelandic countryside, as well as a stunning new property in Iceland's capital city, Reykjavik.
Marriott Expands Footprint in France with 10 Additions Anticipated by the End of 2025
Marriott International, Inc., announced its plans to expand its portfolio in France with the expected addition of 10 properties with over 1,000 rooms by the end of 2025. The anticipated openings will further strengthen the company’s footprint in France, where it currently has a portfolio of 69 properties with over 12,000 rooms across 16 brands and 29 cities, including Paris, Nice, Cannes, Lyon, Strasbourg, Marseille, Reims, Lille, Bordeaux and Toulouse.
Continuing Dutch Expansion: Ruby Unveils Project in Rotterdam
Ruby Hotels proudly announces its second project in the Netherlands, following the success of its flagship in Amsterdam. Located in Rotterdam's vibrant Glashaven district, the new project will offer approx. 225 meticulously designed rooms and lively public areas. Partnering with Foruminvest, a European hotel developer, promises to deliver an unparalleled Lean Luxury experience in one of Rotterdam's most exciting neighborhoods.
Azora Acquires Two Urban Hotels In Brussels Which Will Be Managed By Latroupe
Azora, the Madrid-based European real estate investment manager, has completed the acquisition of two hotels and two adjacent buildings to the hotels in central Brussels on behalf of its Azora European Hotel and Lodging Fund (“AEHL” or the “Fund”).
AZORA Group and Latroupe
Travelodge opens collection of new hotels in Spain as hotel chain continues its expansion
Travelodge, the UK’s first budget hotel brand which operates over 600 hotels across the UK, Ireland and Spain, continues its Spanish expansion and has today announced the opening of five new Travelodge hotels; Alicante Puerto, Barcelona del Valles, Madrid Alcala de Henares, Malaga Aeropuerto and Murcia, totalling 635 rooms.
IHG Hotels & Resorts adds almost 1,000 rooms to Portuguese pipeline
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces the signing of nine hotels across Portugal, adding 976 rooms to the country’s growing and strong pipeline, as it continues to benefit from rapid growth. The signings cover three IHG brand collections including luxury and lifestyle, with the announcement of Kimpton Lisbon, Hotel Indigo Albufeira and Hotel Indigo Faro - and its Essentials Collection which comprises six signings across the Holiday Inn and Holiday Inn Express brands – including suites offerings.
Premier Inn uplifts its bedroom target to 5,000 rooms in Ireland
UK’s largest hotel business seeks an additional 30% more rooms in Ireland as it responds to high demand and an undersupply of branded hotel rooms.
Bob W strengthens London presence with three new openings
Bob W, the tech-powered hospitality operator, is expanding its London presence in the serviced apartment space with three new openings, taking the brand’s total number of properties in the capital to 13.
ActivumSG sells Palacio Solecio hotel in Malaga for €51 million
ActivumSG, a leading independent pan-European real estate investment manager, has completed the sale of the 118-room Palacio Solecio hotel in Malaga. The asset has been purchased for €51 million by an undisclosed buyer.
Marriott International Highlights Growth and Commitment in Türkiye During Visit by President and Chief Executive Officer
Today, Marriott International, Inc., underscored plans to grow its footprint in Türkiye with the expected addition of more than 20 properties and nearly 3,000 rooms by the end of 2025. During a recent visit to the country, Marriott President and Chief Executive Officer, Anthony Capuano, highlighted the company’s continued expansion in Türkiye, which is expected to generate thousands of new jobs reflecting growth in the country’s travel and hospitality sector.
Nobu Hospitality Expands Presence In The Balkans, Announcing Two Distinctive Properties In Bulgaria
Nobu Hospitality, the renowned luxury lifestyle and iconic hotel, dining, and residence brand, is excited to announce the development of two exceptional properties in Bulgaria - Nobu Hotel and Restaurant Sofia and Nobu Hotel and Restaurant Varna. These properties, owned by BSPF Bulgaria EAD and GHV-Dolphins EAD are set to make a significant mark in the Balkans.
Marriott International Accelerates Growth in Poland With More Than 10 Anticipated Openings in the Pipeline
Marriott International, Inc., announced its plans to expand its portfolio in Poland with the expected addition of more than 10 properties in the next few years, including the debut of two brands - Le Méridien and Element Hotels by Westin - in the market. The anticipated openings will further enhance the company’s footprint in the country, where it currently has a portfolio of 24 properties and over 4,500 rooms across 12 brands and eight cities - Warsaw, Sopot, Krakow, Poznan, Katowice, Wroclaw, Gdynia and Szczecin. The planned expansion is also in line with the strategic development of the company’s luxury, premium and select service portfolio across key leisure and business destinations in the Eastern Europe region.
Erqole Continues Investments In Italy With The Acquisition Of Boutique Hotel Torre Di Cala Piccola On Argentario Island
The charming Boutique Hotel Torre di Cala Piccola in Monte Argentario, which had been owned for 30 years by Cala Piccola SpA, is now part of Erqole; a company within the Swedish group, Qarlbo AB, owned by the Jonsson family. As part of its growing Italian portfolio, Erqole owns and manages the new boutique hotel on the island, LA ROQQA, and its exclusive beach club, Isolotto, in addition to managing the restyling of Fattoria La Capitana in Magliano, province of Grosseto, and the complete renovation of Cirio, a former fishing plant in Porto Ercole that has been abandoned for 40 years and is being transformed into a luxury hotel by architect, Marco Casamonti (Archea Associati architecture studio). Through this acquisition, Erqole endeavors to broaden its portfolio of unparalleled hospitality within Argentario and reinforce the Jonsson family’s vision of long-term revitalization of the region.
Aprirose agrees ground rent acquisition on trio of hotels
Aprirose, the real estate investment company, has completed the purchase of the ground rents of three hotels in the UK which are part of the QHotels portfolio.
MCR To Purchase BT Tower, London
MCR, the third-largest hotel owner-operator in the U.S., has agreed to purchase the BT Tower — one of London’s tallest buildings — from BT Group. MCR will own the 620-foot Tower and podium, encompassing a full London city block, freehold.